FTV Capital, a NYC and San Francisco, CA-based growth equity investor, added Kapil Venkatachalam as partner.
Venkatachalam will focus on investments in innovative, high-growth businesses in B2B software and technology-enabled services, further strengthening the firm’s deep expertise and track record in this sector over the last 24 years.
A seasoned software investor, Venkatachalam joins FTV from TCV, where he spent more than 15 years investing in the software and tech-enabled services sectors, including security, analytics and vertical software. Prior to TCV, he spent several years as an investment banker and technologist at Goldman Sachs.
Venkatachalam will be based out of FTV’s New York office.
FTV Capital is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, the firm has invested in over 130 portfolio companies, including Docupace, EBANX, Lean Solutions Group, LoanPro, LogicSource, Luma Health, ReliaQuest, Sysnet and Vagaro, and successfully exited/partially exited companies including Enfusion (NYSE: ENFN), Globant (NYSE: GLOB), InvestCloud (recapitalized), MedSynergies (acquired by Optum), RapidRatings (recapitalized), Strata Fund Solutions (acquired by Alter Domus), VPay (acquired by Optum) and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco, New York and Connecticut.
The news follows FTV’s close of a $2.3 billion fund in March 2022.
FinSMEs
21/05/2022